LINAS

MATERIAL EVENT



RESOLUTIONS OF THE GENERAL MEETING



(Unofficial translation done at the NSEL)



On 7 April 2003, the General Meeting of Linas AB was held and adopted the

following resolutions:

1. Approve the report of the Board on the company’s activity in 2002.

2. Take into account the auditor’s conclusions when approving the financial

statements for 2002.

3. Approve the financial statements for 2002.

4. Approve the company’s 2002 profit (loss) distribution. No dividends

allocated for the year 2002.   

5.Approve the changes to the Articles of Association.

6.Recall the members of the Supervisory Board: Ramūnas Lenčiauskas,

Vitoldas Martovičius, Darius Šulnis.

7.Elect Ramūnas Lenčiauskas, Vitoldas Martovičius,  Pranas Jankevičius to

the Board.

8.Agree to the decision of the Supervisory Board and the Managing Board

concerning the pledged long-term assets and grant authorization to

the Managing Board to sell, transfer, rent, or pledge, as well as use as

a guarantee for the discharge of obligations of other entities the company’s

long-term assets with a total annual value over 1/20 of the company’s

authorized capital.

9.Sell or transfer the trimming-dyeing unit, which is still in the

construction, at the market price.





Romualdas Mažylis

Press officer

(370 45) 506324